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Demand Planning Checklist
Data Collection and Validation
Gather historical sales data from all relevant sources.
Validate data accuracy and consistency across different systems.
Identify and exclude any outliers or anomalies in the data.
Ensure data reflects any promotional activities and seasonality.
Cross-verify inventory levels to align with sales data.
Market Analysis and Forecasting
Analyze current market trends and economic indicators.
Monitor competitor actions and industry news.
Incorporate input from sales and marketing teams.
Develop statistical forecasting models.
Adjust forecasts based on expert judgment and market insights.
Inventory and Supply Chain Coordination
Review current inventory levels and turnover rates.
Coordinate with suppliers to confirm lead times and capacities.
Adjust production schedules based on demand forecasts.
Identify potential supply chain disruptions.
Plan for buffer stock to accommodate demand variability.
Collaborative Planning and Review
Facilitate cross-functional meetings to discuss demand plans.
Incorporate feedback from key stakeholders.
Align demand plans with financial and strategic objectives.
Review demand plans with senior management.
Implement a process for continuous feedback and improvement.
